The Long & Foster Market Minute

Focus On: Camden County Housing Market July 2018

Units Sold
748
Active Inventory
2,696
Median Sale Price
$174,700
Days On Market
53
Up 5%
Vs. Year Ago
Down -16%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -21%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in July, with 748 sold this month in Camden County Real Estate versus 784 last month, a decrease of 5%. This month's total units sold was higher than at this time last year, an increase of 5% versus July 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 529 units or 16%. The total number of active inventory this July was 2,696 compared to 3,225 in July 2017. This month's total of 2,696 is lower than the previous month's total supply of available inventory of 2,767, a decrease of 3%.

Median Sale Price
Last July, the median sale price for Camden County Homes was $166,000. This July, the median sale price was approximately the same at $174,700. The current median sold price is 5% higher than in July 2017.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
994
Current Contracts
715
Sold Vs. List Price
97.9%
Months of Supply
3.6
Up 4%
Vs. Year Ago
Up 2%
Vs. Year Ago
No Change
Vs. Year Ago
Down -21%
Vs. Year Ago

Months of Supply
In July, there was 3.6 months of supply available in Camden County, compared to 4.5 in July 2017. That is a decrease of 20% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 994 homes newly listed for sale in Camden County compared to 956 in July 2017, an increase of 4%. There were 715 current contracts pending sale this July compared to 698 a year ago. The number of current contracts is 2% higher than last July.

Sale Price to List Price Ratio
In July, the average sale price in Camden County was 97.9% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 53, lower than the average last year, which was 67, a decrease of 21%.

The Long & Foster Market Minute
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by TReND and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TReND or Long & Foster Real Estate, Inc.